“More than 40% of energy stocks in the S&P 500 hit a 52-week low on Tuesday. When that many sunk to a low in the past, the sector bottomed within a few days most of the time. Another 2-3 days of heavy selling would likely set up a high-probability bounce.” …SentimenTra
The call for this week: Remember, immediately prior to late last week’s weakness, the Dow Jones Industrial Average had closed up 10 straight sessions, and nine of those were at all-time highs. The stock market just does not typically collapse from a period of strength like that.
“How will we know when to expect ‘the’ top?” . . . Tony Dwyer, Canaccord Genuity So I have been in Boston most of this week speaking at events for our financial advisors, visiting our retail offices, and seeing portfolio managers (PMs). Yesterday, I spoke at Ca
“What are commodities telling investors?” . . . Leon Tuey So while I remain on the West Coast speaking at events for our financial advisors, and seeing portfolio managers, I had the privilege of meeting the legendary Leon Tuey for lunch, who was just nominated to the honor
“The market itself determines the relative importance of all factors more accurately than any speculator can hope to interpret them.” . . . Don Guyon, One Way Pockets (1917) “The market itself determines the relative importance of all factors more accurately than any
“Last week, BARRON’S magazine suggested the bull mkt that began March 2009 at 666 will not end until it ‘tops out” until the NASDAQ hits 6666. Is this a level you can relate to?” . . . Gary Green, RJFS Branch Manager, Dayton, Ohio Yesterday we received th
“The markets (any market) are seldom surprised by shocking events. But during those rare instances when the market is caught by surprise a panic may result.” . . . Richard Russell, The Dow Theory Letters (1991) My friend and mentor Richard Russell, one of the last great Do
“Why is our Research Department not allowed to recommend stocks the firm likes in its Investment Strategy Report? What logic is DOL applying to impose this idea?” . . . A concerned financial advisor Andrew and I have gotten a lot of comments following this statement in one
The call for this week: The S&P 500’s chart pattern is all “coiled up” again. As the uber smart Jason Goepfert, of SentimenTrader fame, notes: “All coiled up, again. The S&P 500 has gone nowhere since it broke out to a new high three weeks ago. Its rang
